Khadim India Limited announced an update regarding the Scheme of Arrangement for the transfer of its Distribution Business to KSR Footwear Limited.
The Hon’ble National Company Law Tribunal, Kolkata Bench, approved the scheme on March 27, 2025.
Both Khadim India Limited (KIL) and KSR Footwear Limited (KFL) have mutually agreed to fix June 07, 2025, as the Record Date.
The Record Date is to determine the eligibility of KIL members to whom New Equity Shares will be allotted by KFL, as per the Scheme of Arrangement sanctioned by the Hon’ble NCLT.